The SaaS industry is expanding at a rapid pace. Gartner expects end-user spending on public cloud services to grow 21.7% in 2022, reaching a whopping $482 global spend.
And further data shows that the number of SaaS customers is on the rise too. In fact, more than one-third of businesses have already shifted to cloud-based systems for their needs.
But here’s the thing. Building a SaaS startup in 2022 seems like an idea guaranteed to come through. However, many entrepreneurs cannot understand that a significant number (over 70%) of all SaaS startups fail within the first three years of being founded.
With this in mind, it’s essential that when considering building a SaaS startup, you know what to do. This article will guide you through the process, telling you everything you need to know to ensure that your vision turns into a success story.
Let’s get into it.